VDR is an encrypted repository that allows authorized users to interact with data and documents through a mobile application or web browser. A VDR is equipped with sophisticated software features, such as document indexing, full-text searching along with favorites, endless scrolling, auto-renumbering and infinite scrolling. In addition, activity logs are built-in to ensure transparency and accountability. They track and report each user’s actions, as well as the date and time.
VDRs are most popular for M&A transactions as well as due diligence investor parties, but they can be used by any business that needs to share sensitive information with outside stakeholders. Investment bankers, for example, use a VDR to exchange contract information with potential investors and buyers in a safe online environment. Other business leaders include VCs and private equity firms, who typically review multiple deals at a time and must organize and share massive amounts of information. Legal teams can also make use of a VDR for collaboration on difficult business agreements or regulatory filings.
The top-rated vdrs for marketers focus on security to uphold security and integrity of data with features like encryption both in the flow and in the rest multi-level authentication techniques and discrete end-user permissions, and document-level defenses like watermarking and disabling printing. They also focus on compliance with regulations to ensure that their platforms meet stringent industry standards such as HIPAA, CCPA, and GDPR.